Stonkin Posted February 27, 2006 Share Posted February 27, 2006 I've never had a credit card before, but am starting to need one (good old Supra eh! ) I dont really know that much about them as i've always tried to stay away. I guess i would be looking for one that has 0% on new purchases. Does anyone have any experience with egg cards? Cheers Christian Link to comment Share on other sites More sharing options...
how_supra Posted February 27, 2006 Share Posted February 27, 2006 I have [had] an egg card [paid off now and duly cancelled]. It was one of the better ones I had. . I hate credit cards myself. Wish I had never even thought about getting one [or two........]. I'm sure you don't need me to tell you, if you do decide to get one, make sure you can afford to pay it off the next month or two, and don't just leave the balance sitting there forever. Link to comment Share on other sites More sharing options...
Alex Posted February 27, 2006 Share Posted February 27, 2006 Egg are ok - BUT don't do it full stop. If the Supra is too much to run without a card, then don't run it. It never pays in the long run.... I should know... Link to comment Share on other sites More sharing options...
Ian W Posted February 27, 2006 Share Posted February 27, 2006 stay away from egg and get yourself a MINT card mate. there should be plenty of good deals actually, just shop around but i've found egg not to be the best out there. but have to agree with Alex, if you don't HAVE to do it then don't. Link to comment Share on other sites More sharing options...
outatime Posted February 27, 2006 Share Posted February 27, 2006 This should help. Link to comment Share on other sites More sharing options...
Stonkin Posted February 27, 2006 Author Share Posted February 27, 2006 The problem is i need some new rear tyres badly, i'm gona be replacing the wheels on the Supe anyway, so it seems stupid buying just tyres now and then tyres and wheels again very soon. My work is being moved and we are being given a relocation fee which will cover the cost of the wheels. But this wont happen until April and i want/need the wheels/tyres now. I've already got a loan so dont want to go that route. This way seemed better. What makes a good or bad credit card? Link to comment Share on other sites More sharing options...
Ian W Posted February 27, 2006 Share Posted February 27, 2006 0% interest for as long as possible on purchases for your use i think. Link to comment Share on other sites More sharing options...
Faye Posted February 27, 2006 Share Posted February 27, 2006 I have two credit cards that I use, but I pay them off every month. One is a Shell card so I buy my fuel with that and build up some Airmiles, the other is Nationwide, who don't charge foreign exchange charges if you use the card outside of the UK - which is great if you like to travel. I have no idea what the APR on either is though (I don't really need to know given the way I use them). Link to comment Share on other sites More sharing options...
Alex Posted February 27, 2006 Share Posted February 27, 2006 http://www.moneysupermarket.com If you have a definate plan to pay it off then just get a 0% for as long as possible. Link to comment Share on other sites More sharing options...
how_supra Posted February 27, 2006 Share Posted February 27, 2006 Watch out for hidden charges, if you pay it late by mistake, or go over your credit card limit. 0% interest is great for short term, but watch out for some credit cards, they have low or 0% apr for a short period, and then have higher than average normal apr rates, once the introductury period is over Link to comment Share on other sites More sharing options...
Stonkin Posted February 27, 2006 Author Share Posted February 27, 2006 mmmm, thanks for your comments people, they are appreciated. As you say i think 0% on new purchases seems the best way for me. I've just always desperately tried to stay away from them, but it seems i might need one for this case. Link to comment Share on other sites More sharing options...
Pete Posted February 27, 2006 Share Posted February 27, 2006 Just make sure you've got a really low limit to avoid temptation to spend on it. Only ask for what you need! I hate c/cards. Link to comment Share on other sites More sharing options...
Stonkin Posted February 27, 2006 Author Share Posted February 27, 2006 yeah i will do Pete. New wheels and a single conversion was that!? Link to comment Share on other sites More sharing options...
Ian W Posted February 27, 2006 Share Posted February 27, 2006 i hate c/cards as well and at the moment have quite a large sum on mine (temptation proved too much). have transferred mine onto a 0% card, cut up the card and am slowly paying it off until it's done. don't fall into the same trap as me mate. Link to comment Share on other sites More sharing options...
how_supra Posted February 27, 2006 Share Posted February 27, 2006 don't fall into the same trap as me mate. or me................3 down, 2 to go. Link to comment Share on other sites More sharing options...
Ark Posted February 27, 2006 Share Posted February 27, 2006 Seriously, think about getting your overdraft increased instead getting a CC. Often the interest rate is better than a CC. Credit limit is also lower, stopping you going overboard. Link to comment Share on other sites More sharing options...
Stonkin Posted February 27, 2006 Author Share Posted February 27, 2006 I am pretty good with money, if i've got debts, i'll pay them off. Currently i've only got my loan, apart from rent obviously. I'm having a read through that site you posted Alex, it certainly breaks it down a bit. Link to comment Share on other sites More sharing options...
Stonkin Posted February 27, 2006 Author Share Posted February 27, 2006 I couldnt imagine puttting £1700 odd onto my O/D. that currently is just £150 and is only for small emergencies. Link to comment Share on other sites More sharing options...
Pete Posted February 27, 2006 Share Posted February 27, 2006 A c/card can actually HELP your credit rating too. A fat overdraft won't. Depends how helpful your bank wants to be and the term to borrow it on etc. Link to comment Share on other sites More sharing options...
how_supra Posted February 27, 2006 Share Posted February 27, 2006 Well it seems like you got the right idea. Its a very slippery slope though I think this quote is quite apt for a lot of people................. “I generally avoid temptation unless I can't resist it” Link to comment Share on other sites More sharing options...
Stonkin Posted February 27, 2006 Author Share Posted February 27, 2006 That quote is very very true! Link to comment Share on other sites More sharing options...
Rob Posted February 27, 2006 Share Posted February 27, 2006 Well it seems like you got the right idea. Its a very slippery slope though That's a good quote, slippery slope, and it goes a long, long way down. Imagine yourself standing right at the top with a short rope. Every time they extend your limit your rope gets a bit longer. Really, if you can avoid it, do so, or be very, very disciplined. Link to comment Share on other sites More sharing options...
penguin Posted February 27, 2006 Share Posted February 27, 2006 or me................3 down, 2 to go. or me stick to a visa debit - don't have the cash dont spend it. Link to comment Share on other sites More sharing options...
jazz1 Posted February 27, 2006 Share Posted February 27, 2006 Dont Ever Get Capital One Tehy Charge Shit Loads Intrest Reate Link to comment Share on other sites More sharing options...
Scooter Posted February 27, 2006 Share Posted February 27, 2006 watch for the cards that charge interest from the day of purchase, ie there's always interest to pay even if you pay the whole balance at the end of the month. I have a Egg card, and have no complaints. Peoples warnings are good ones but IMO if you've not even had a card til now then i think you'll be ok..... Link to comment Share on other sites More sharing options...
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